---
title: 'Intern - Ventures at OakNorth'
canonical: 'https://feeny.ai/job/intern-ventures-oaknorth-london-1y9t6y5rrfdt'
type: 'job'
last_seen: '2026-11-12'
---

# Intern - Ventures at OakNorth

- **Company:** OakNorth
- **Location:** London, United Kingdom
- **Employment:** internship
- **Work type:** hybrid
- **Posted:** 2026-11-11
- **Last confirmed live:** 2026-11-12
- **Apply:** https://jobs.ashbyhq.com/oaknorth/2f8b9cce-94b8-41d9-9575-b18c35b2379f

## Job description

## About the Team

OakNorth’s Ventures team invests in and incubates early-stage companies that complement the bank and its appetite. The team works closely with founders and with OakNorth’s co-founder. The intern supports the team across its investment and venture activity.

## Responsibilities

- Investment Due Diligence: Support due diligence on investment opportunities under review by OakNorth, covering the commercial, technical and financial aspects of each company.
- Commercial: market sizing, competitor analysis and assessment of pricing and customer evidence.
- Technical: review of the product, its architecture and the engineering team’s claims, with a clear view of what has been built and what is planned.
- Financial: building and testing financial models where required.
- Deal Support: Support the activities that arise through deal making, including preparation of materials, tracking of actions and follow-up with founders.
- Venture Support: Contribute to the ventures the team incubates, including problem framing, customer research, early prototypes and launch planning.
- Analysis and Problem Solving: Apply a structured, engineering-led approach to business questions, breaking problems down and testing assumptions, and make use of AI tools in research, analysis and writing. The role does not involve production software development, but it does require the ability to read and assess code, system designs and data pipelines.
- Research: Monitor the sectors and technologies relevant to the team’s investment focus and produce concise research notes for the team.

## Skills and Experience

- Education: Final-year student or recent graduate with a Bachelor’s or Master’s degree in an engineering, computer science or quantitative discipline, with demonstrable experience of building software.
- Technical Foundation: Ability to read and assess code, system designs and data pipelines, and to form a view on an engineering team’s claims.
- Business Acumen: Demonstrated interest in how businesses operate, compete and grow. Prior experience in investing or finance is desirable but not required.
- Entrepreneurial Exposure: Experience in a startup or early-stage environment, or evidence of having built or launched something independently, such as a project with real users.
- Ownership and Initiative: Able to take responsibility for a piece of work and drive it to completion with limited supervision, seeking guidance where needed.
- AI Literacy: Comfortable using AI tools in day-to-day work, with a working understanding of their capabilities and limitations.
- Communication: Clear and concise written and verbal communication, including the ability to explain technical topics to a non-technical audience.

## About OakNorth

## Company Overview
- **One-liner**: OakNorth is a UK-based digital bank founded by entrepreneurs, providing fast, flexible business loans and competitive savings accounts to support ambitious businesses and savers.
- **Entity Type**: Private (fully-licensed digital bank, profitable; not publicly listed)
- **Headquarters**: London, United Kingdom
- **Founded**: 2015
- **Founders**: Rishi Khosla and Joel Perlman

## Core Business
- **Primary industry**: Digital banking, commercial lending, retail savings
- **Target customers**: Lower mid-market businesses (entrepreneur-led, scaling fast) seeking debt financing from £1m to tens of millions; retail savers in the UK.
- **Mission**: “Banking should be barrier-free” – inspired by the founders’ own frustrations with traditional lending, OakNorth aims to back proven businesses with fast, data-driven credit decisions.

## Products & Services
- **Business Loans**: Flexible, structured debt financing from £1m to tens of millions for growth capital, acquisitions, management buyouts, and property development/investment.
- **Business Banking**: Digital account with dedicated support, seamless payments and cash management for scaling businesses.
- **Personal Savings**: FSCS-protected savings accounts (up to £120,000) with competitive interest rates, offered via a digital platform.
- **OakNorth Credit Intelligence (OCI)**: Data-driven technology platform that gives lenders a forward-looking view for agile credit decisions (used internally and sold to other institutions).

## Market Standing
- **Valuation**: Not publicly disclosed (private company)
- **Key Metric**: Cumulative lending of over £15.1bn since inception (2025). Annual profit of £165.2m in 2025. Total capital ratio of 18.4%.
- **Notable Investors/Partners**: Founded and led by Rishi Khosla & Joel Perlman; backed by a range of institutional investors (details not fully public). Over 400,000 retail savers provide deposit funding. Partnered with LSE Generate for mentorship.
- **Growth Signals**: Named **Best Bank in the UK** at The Banker’s Bank of the Year Awards 2025. Recognised by CNBC/Statista as one of the UK’s Top 250 Fintechs. Expanded lending into the US in 2023. Built a diversified business including Business Banking capability. 61,000+ jobs and 36,000+ new homes created through lending. Offices in London, Manchester, Leeds, Bristol, Newcastle, Birmingham, New York (OCI), and India (Gurugram, Bengaluru, Hyderabad).

## Competitive Advantages
- **Data-driven credit underwriting**: Uses proprietary analytics (OCI) to assess future potential, not just past financials, enabling faster, more accurate lending decisions.
- **Founder-led, flat organisational structure**: Decision-making is fast, with less bureaucracy than traditional banks.
- **Disciplined profitability**: One of the few digital banks globally to be consistently profitable, with extremely low credit losses (4.5 basis points of cumulative facilities).
- **Customer obsession**: High NPS and a culture of “customer delight” rather than mere satisfaction.

## Strategic Focus
- **US expansion**: Scaling lending in the US lower mid-market where a similar structural gap exists.
- **Business Banking rollout**: Building a full business banking capability beyond loans to deepen customer relationships.
- **Technology and data**: Continuing to invest in the OakNorth Credit Intelligence platform and automation.
- **ESG and community**: Net zero target by 2045; 1+1% initiative (1% of profits and 1% of employee time to charity).
- **Talent and culture**: Expanding teams across UK, US, and India while maintaining a founder-led, high-autonomy culture.

## Why Work Here
- **Equity**: Employees receive equity in the business, sharing in growth.
- **Flat structure**: Opportunity to interact with senior leaders and have real impact regardless of tenure.
- **Autonomy**: Personal goal-setting with manager support; freedom to take on projects of interest.
- **Mission-driven**: Directly contribute to creating jobs, homes, and supporting ambitious entrepreneurs.
- **Culture**: Values include “Say it how it is” (honest communication), “10x” (set ambitious goals), “One team”, and “Momentum”.
- **Hybrid/Office**: Multiple office locations across UK (London, Manchester, Leeds, Bristol, Newcastle, Birmingham) plus New York and India. Specific remote policies not detailed but likely hybrid for most roles.
- **Recognition**: Work for a bank that has won “Best Bank in the UK” and is seen as a top fintech employer.

## Sources
1. [OakNorth.co.uk – Home](https://oaknorth.co.uk/)
2. [OakNorth.co.uk – About/Our Story](https://oaknorth.co.uk/about/)
3. [OakNorth.co.uk – Careers](https://oaknorth.co.uk/about/careers/)
4. [OakNorth.co.uk – Annual Report 2025 (PDF)](https://oaknorth.co.uk/wp-content/uploads/2026/03/Annual_Report_2025.pdf)
5. [OakNorth.co.uk – Jobs](https://oaknorth.co.uk/jobs/)

## Other roles at OakNorth

- [Chief of Staff – to the Chief Lending Officer](https://feeny.ai/job/chief-of-staff-to-the-chief-lending-officer-oaknorth-london-zgg3fna2qw4g) — London, United Kingdom
- [People Operations Specialist – UK & US 9 month FTC](https://feeny.ai/job/people-operations-specialist-uk-us-9-month-ftc-oaknorth-london-c3gc3c1fpj5n) — London, United Kingdom
- [Associate Director - Business Banking](https://feeny.ai/job/associate-director-business-banking-oaknorth-london-yw89p40hvyy4) — London, United Kingdom
- [Associate/Senior Associate - Lending Operations](https://feeny.ai/job/associate-senior-associate-lending-operations-oaknorth-gurugram-j4pp8bqpwp10) — Gurugram, India
- [Sales Enablement Lead](https://feeny.ai/job/sales-enablement-lead-oaknorth-london-7ndt9gjn0ck0) — London, United Kingdom
- [Senior Associate - Debt Finance](https://feeny.ai/job/senior-associate-debt-finance-oaknorth-manchester-pwtqrykdj40h) — Manchester
- [Salesforce nCino Consultant (6 months)](https://feeny.ai/job/salesforce-ncino-consultant-6-months-oaknorth-gurugram-wvdt3m8kg7rg) — Gurugram, India
- [Business Development Representative](https://feeny.ai/job/business-development-representative-oaknorth-london-xq88jqx4fnet) — London, United Kingdom
- [Application Security Engineer](https://feeny.ai/job/application-security-engineer-oaknorth-gurugram-cm2jrxr21cgw) — Gurugram, India
- [Associate Vice President - Financial Planning & Analysis](https://feeny.ai/job/associate-vice-president-financial-planning-analysis-oaknorth-gurugram-6fxbdcegnyxc) — Gurugram, India